ATLANTA, June 1, 2017 /PRNewswire-USNewswire/ -- Today, the Job Creators Network commended the withdrawal of U.S. participation in the Paris Climate Treaty, highlighting the positive impact the move will have on small businesses, jobs, and wages.

Because the treaty required the U.S. to reduce emissions by between 26 percent and 28 percent below 2005 levels by 2025, it would have forced small businesses to use far more expensive forms of energy, which is already a major cost for many small businesses. This burden would have reduced their ability to expand, create jobs, and increase wages.

In Europe, where energy is highly regulated, electricity costs are roughly triple that of the U.S. In Germany, where energy is especially heavily regulated, electricity has become "a luxury good" according to a major national paper.

The regulations associated with the Paris Climate Treaty would have only added to the $83,000 regulatory burden facing the average small business, according to a new National Small Business Association survey.

Bernie Marcus, co-founder of The Home Depot and The Job Creators Network, released the following statement:

Today's decision by President Donald Trump to withdraw from the Paris Climate Treaty is a major win for the 85 million Americans whose livelihoods depend on small businesses. By avoiding the self-inflicted wound associated with kneecapping this country's energy industry, the president has kept electricity costs reasonable for all businesses. Exiting this treaty is also a victory for all Americans, who will avoid having their limited disposable income diverted to pay for the priorities of a global elite. The move frees the U.S. from an unfair deal that would have allowed China and India to build coal plants at America's expense. By withdrawing from this destructive treaty, the president has put Americans first.